ADVFN - Advanced Financial Network.
HOME» NYSE » I » ING Stock Price » ING Stock News

Ing Share News

 Ing Groep N.v. Stock Price
ING Stock Price
 Ing Groep N.v. Stock Chart
ING Stock Chart
 Ing Groep N.v. Stock News
ING Stock News
 Ing Groep N.v. Company Information
ING Company Information
 Ing Groep N.v. Stock Trades
ING Stock Trades

ING Confirms It May Carve Up Asian Insurance Unit

By Maarten van Tartwijk AMSTERDAM--ING Groep NV (INGA.AE) Wednesday confirmed that the sale of its Asian insurance operations may take place through multiple transactions and said it has received interest for all units. In a presentation for analysts, ING said that the operations have a total book value of 6.6 billion euros ($8.18 billion). It said the sale process is "on track," but didn't provide further details. The Wall Street Journal reported Monday that ING will likely carve up its Asian life-insurance franchise rather than sell it as a whole after no successful bidder emerged for the big regional operation. Separate deals could still fetch more than $7 billion for the Dutch group, but selling the business in pieces complicates matters for ING, which is under pressure from European regulators to shed assets following the receipt of state aid. ING had offered potential suitors the option of bidding for the entire franchise or parts of the business, but it had told potential buyers it strongly favored selling the franchise as a whole. A disposal to one bidder would have been simpler, minimizing the likelihood of ING being left holding parts that few other parties wanted, such as the variable-annuity business in Japan. The European Union's executive arm ordered ING to cut its balance sheet by 45% to win approval for the state aid it had received. The order means ING must sell its global insurance arm and some banking assets, which should be completed before the end of 2013. --Alison Tudor contributed to this article Write to Maarten van Tartwijk at maarten.vantartwijk@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Ing (ING)
DateTimeHeadline
03/26/201509:11:07ECB Loans Data Suggests QE is Working -- Update
03/25/201511:42:31Report of Foreign Issuer (6-k)
03/24/201510:20:53Report of Foreign Issuer (6-k)
03/20/201506:04:48Notification of the Appointment of an Agent for Service by Certain...
03/19/201517:25:41Automatic Shelf Registration Statement of Securities of Well-known...
03/19/201514:17:58Philips Plans IPO of Lighting Business -- 2nd Update
03/19/201510:15:01Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
03/19/201510:02:34Annual and Transition Report (foreign Private Issuer) (20-f)
03/17/201502:03:47INGENICO GROUP: Ingenico Group launches secured payment acceptance...
03/04/201512:46:28Report of Foreign Issuer (6-k)
03/04/201501:04:57INGENICO GROUP: Ingenico Mobile Solutions supporting mPOS momentum...
03/03/201501:04:57INGENICO GROUP: Allianz Hungaria selects Ingenico Mobile Solutions...
03/02/201501:00:00Ingenico Mobile Solutions launches industryâs first mPOS solution e...
02/18/201511:40:43INGENICO: 2014: Group transformation in action
02/17/201510:19:53Form 13f Holdings Report (13f-hr)
02/12/201506:04:41Report of Foreign Issuer (6-k)
02/12/201503:29:50ADR Shares Mixed; ARM Holdings Shares Rise
02/11/201505:22:36ING to Pay First Dividend Since Crisis -- Update
02/11/201502:04:31ING to Pay First Dividend Since Crisis
02/06/201511:22:32ING Groep NV 4Q 2014 -- Forecast

Ing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad